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Auto Parts

Caliber Collision

405 Farabee Dr South, Lafayette, IN 47905

Listing Price: $4,181,240

Cap Rate
5.65%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.0
Gross SF
17,787
Guarantor
Corporate Guarantee
Rentable SF
17,787
Price/Gross SF
$235.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.28

Investment Overview

This renovated site is the new home to a 15 year NNN lease Caliber Collision that commenced in September 2020. This corporate guaranteed lease offers a passive investor a true sleep at night investment opportunity, with no landlord responsibilities and 10% rent bumps every 5 years to hedge against inflation. The lease also calls for two 5-year options after the base term. It is an infill location with minimal national auto body competition. The nearest Caliber is located 53 miles to the southeast of the site. The location is strategic in that it lends itself to strong daytime population being its proximity to the areas biggest employer Catepillar manufacturing and Distribution center.

Investment Highlights

  • Newly Renovated for Caliber (2020) Freestanding Building located in Lafayette, Indiana
  • Corporately Guaranteed 15-Year Lease with two, 5-Year Options and 10% Bumps every 5 years
  • No Landlord Responsibilities: Tenant responsible for making all repairs to the building and site
  • Limited national competition in immediate area, with nearest Caliber located 50+ miles away
  • Strategically located adjacent to the areas largest employer, Caterpillar Large Engine Center

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $4,181,240

Cap Rate
5.65%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.0
Gross SF
17,787
Guarantor
Corporate Guarantee
Rentable SF
17,787
Price/Gross SF
$235.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.28

Investment Highlights

  • Newly Renovated for Caliber (2020) Freestanding Building located in Lafayette, Indiana
  • Corporately Guaranteed 15-Year Lease with two, 5-Year Options and 10% Bumps every 5 years
  • No Landlord Responsibilities: Tenant responsible for making all repairs to the building and site
  • Limited national competition in immediate area, with nearest Caliber located 50+ miles away
  • Strategically located adjacent to the areas largest employer, Caterpillar Large Engine Center

Investment Overview

This renovated site is the new home to a 15 year NNN lease Caliber Collision that commenced in September 2020. This corporate guaranteed lease offers a passive investor a true sleep at night investment opportunity, with no landlord responsibilities and 10% rent bumps every 5 years to hedge against inflation. The lease also calls for two 5-year options after the base term. It is an infill location with minimal national auto body competition. The nearest Caliber is located 53 miles to the southeast of the site. The location is strategic in that it lends itself to strong daytime population being its proximity to the areas biggest employer Catepillar manufacturing and Distribution center.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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